Alphabet’s Gemini AI Surge Lifts Stock as User Base Hits 650 Million
Alphabet Inc. shares rallied nearly 8% in pre-market trading after reporting quarterly revenue of $96.4 billion, a 14% year-over-year increase. The growth was fueled by its Gemini AI assistant reaching 650 million monthly active users—a 44% jump since July. YouTube advertising and Google Cloud revenues rose 13% and 32%, respectively, contributing to the company's first $100 billion quarter.
The AI division's viral Nano Banana image generator created over 5 billion images since August, while Gemini's conversational search feature now serves 75 million daily users across 40 languages. This acceleration in AI adoption comes as major tech firms race to monetize generative artificial intelligence.